$100 Bonus Promotion from OptionsXpress

April 24th, 2011 Jackson Colson Leave a comment Go to comments

OptionsXpress brokerage has a $100 bonus promotion going on now where you can get a $100 bonus when opening a new account with them. To qualify for the bonus you need to follow these steps:

Open an OptionsXpress account before 12/31/2011 by clicking on the following link: Learn how you can get $100 when you open up a new optionsXpress account.
Make an initial deposit of at least $500
Keep an average account balance of $500 for six months
Execute 3 trades within 12 months of opening your account
The $100 credit will be posted to your account within 30 days of meeting the terms and conditions of the offer
The $100 bonus will be deposited into the new optionsXpress account within one month after meeting the terms and conditions of this offer

OptionsXpress has a flat stock commission of $9.95 per share and an options commission of $1.25 per contract ($12.95 minimun). OptionsXpress’ commission used to be $14.95 per trade, so they have recently lowered their commissions to become more competitive. They also have a very intuitive user interface and smart phone apps for iPhone and Android so you can trade from anywhere.

Another thing to note is that OptionsXpress is merging with Charles Schwab so you don’t have to worry about the long term viability of the company as they will be folded under a very powerful brokerage house.

I use my OptionsXpress account for options trading since their commissions are so competitive. I have never really had any issues with them. Anytime I need a higher level of options trading access, I call them up and they add it immediately. Like every other discount broker, they offer a free ACH feature where you can transfer money to and from a linked account. No more sending in checks and waiting for your money to be deposited.

Best Bank Rates and Deals